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Clear Filter
February 2010
24 Feb 2010
Morningstar questions Huljich in latest survey
23 Feb 2010
Meaty chunks off the table
23 Feb 2010
Numbers on the up, says Harcourts
23 Feb 2010
Mercer appoints new MD from within ranks
23 Feb 2010
Housing confidence still upbeat
23 Feb 2010
Taskforce recommendations for industry as well as Govt
23 Feb 2010
Geneva considers its future - again
22 Feb 2010
Housing market hits wobbles
22 Feb 2010
CU Baywide starts the week off
22 Feb 2010
Adviserlink appoints general manager
22 Feb 2010
News round-up
20 Feb 2010
Two tax changes property investors could live with
19 Feb 2010
[Weekly Wrap] How does Huljich's pricing strategy work?
19 Feb 2010
Trade Me sees record property browsers
19 Feb 2010
House prices set to fall in cooling market: ANZ
19 Feb 2010
Kiwibank's profit dives 40% but mortgage book surges in Dec Qtr
19 Feb 2010
Southern Cross launches Critical Illness Plan
19 Feb 2010
Taking a moment to pause
19 Feb 2010
In bricks and mortar we (will still) trust
19 Feb 2010
The fall of the floating rate
19 Feb 2010
Huljich corrects KiwiSaver performance numbers
19 Feb 2010
Govt may widen range of debt securities
18 Feb 2010
Marac gets two new directors
18 Feb 2010
AXA NZ insurance earnings fall by a fifth
18 Feb 2010
TNP opens school for advisers
18 Feb 2010
IFA seeks exemption from training requirements
18 Feb 2010
SBS lowers floating rate
18 Feb 2010
Small finance companies likely to be forced out: KPMG
17 Feb 2010
S&P dishes out another three ratings
17 Feb 2010
Actively managed fixed interest way to go: PIMCO
16 Feb 2010
RBNZ’s liquidity measures no problem for SCF: Maier
16 Feb 2010
Direct debit story
16 Feb 2010
Help provided to change banks
16 Feb 2010
12th Annual Contract Performance Management Summit
16 Feb 2010
2010 Recovery?
16 Feb 2010
Pitch to tie advisers to QFEs inevitable say IFA, SIFA
16 Feb 2010
Low number of bad loans make it to mortgagee sale
15 Feb 2010
Bridgecorp directors front up in court
15 Feb 2010
A 2010 recovery?
15 Feb 2010
ASB's surprise move
15 Feb 2010
News round-up
14 Feb 2010
Rates Round Up
12 Feb 2010
Sharon Kent approved as Licensed Operator
12 Feb 2010
Brugh appointed as Macquarie investment adviser
12 Feb 2010
Kiwibank makes everyone take notice
12 Feb 2010
ING Roadshow February 2010
12 Feb 2010
[Weekly Wrap] More movers and shakers
12 Feb 2010
Be still my beating heart
12 Feb 2010
The big question around a possible GST rise to 15%
12 Feb 2010
House sales lowest in two decades
12 Feb 2010
Market Review: February 2010 London Commentary
12 Feb 2010
REINZ residential highlights - January 2010
12 Feb 2010
Botherway quits DNZ board
12 Feb 2010
TSB follows Kiwibank
12 Feb 2010
Failed finance companies net PwC more than $10mill
11 Feb 2010
Strategic Finance mulling the Hanover route as receivership threat loo
11 Feb 2010
Falling house sales may indicate faltering economy
11 Feb 2010
ING Roadshow February 2010
11 Feb 2010
No change today
11 Feb 2010
Industry engagement helping the regulatory process: Mayhew
10 Feb 2010
AMP dominates KiwiSaver performance
10 Feb 2010
South Canterbury Finance faces billion dollar liquidity risk
10 Feb 2010
ING Roadshow February 2010
10 Feb 2010
Practice management: Know, manage and choose your emotions
10 Feb 2010
Where to from here?
10 Feb 2010
Deutsche Bank looks set to take stake in Craigs
10 Feb 2010
HSBC slashes five year rate
09 Feb 2010
New manager snares mandates worth $225m
09 Feb 2010
Key’s silence on depreciation indicates it’s a focus
09 Feb 2010
KiwiSaver Performance Survey
09 Feb 2010
AXA encourages advisers to sell insurance before prices rise
09 Feb 2010
Key kicks for touch on property tax
09 Feb 2010
NZMBA develops new process for brokers
09 Feb 2010
Unemployment figures point to a June OCR hike
09 Feb 2010
New AXA owners have no reason to shake it up: Stewart
09 Feb 2010
Why Kiwibank cut
08 Feb 2010
Kiwibank blazing the trail for floating rates
08 Feb 2010
Kiwibank cut floating
08 Feb 2010
The sooner the guarantee goes the better
08 Feb 2010
News Round Up
08 Feb 2010
Rates Round Up
08 Feb 2010
House values rise last month in 'patchy' market: QV
08 Feb 2010
Residential highlights - January 2010
05 Feb 2010
Tax changes robust enough?
05 Feb 2010
Tyndall looking to add more retail funds
05 Feb 2010
SBS latest to increase rates
04 Feb 2010
Equitable investors shift into debentures
04 Feb 2010
Auckland house prices fall, amidst still declining sales
04 Feb 2010
Proposed tax changes will hurt listed commercial investors
04 Feb 2010
One-year rates, one year on
04 Feb 2010
Open Polytechnic offers financial services training from afar
03 Feb 2010
Reserve Bank fuels deposit war: PwC
03 Feb 2010
Westpac ups one-year rates
03 Feb 2010
SCF says impairments lead to first-half loss
03 Feb 2010
Opinion: Have you ever wondered?
03 Feb 2010
KiwiBank to fill out insurance offering
03 Feb 2010
Super fund invests in catastrophe bonds
03 Feb 2010
RBA leaves cash rate at 3.75%
02 Feb 2010
Bank adviser pleads guilty to $18m fraud charges
02 Feb 2010
Economists debate meaty chunks comment
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Latest News
Pie Funds enters adviser channel
3 min read
KiwiSaver members need more advice at retirement, panellists say
3 min read
Simon Papa: Access to advice - Is adviser conservatism the issue?
9 min read
Second funds management firm sold today
3 min read
Latest Comments
Give Total Rem the flick if KiwiSaver compulsory
Thank you Backstage. Look beyond just the structure/s. Currently, both employee and employer's contribution are taxed. So, even if I add a 3rd option - $100k salary of which $12k deducted for KS and no employer contribution. It made no difference financially whether it is option a, b or c, assuming law says $12k of the $100k pay package must go to KS. It will make a difference if a new tax law says, employer's contribution is tax free, then option "a" is a no brainer.
1 week ago W K
Simon Papa: Access to advice - Is adviser conservatism the issue?
Thank you Simon for such a substantial and thought-provoking piece. You write that “the CoFI law creates the potential for the FMA to influence the supply of financial products and services, not just conduct in relation to such supply”, to which I would offer two replies: Yes; and About Time. Your piece (and also your submission on the draft Fair Outcomes Guide) do suggest a preference for Rational Choice Theory and the Efficient Market Hypothesis. The problems with this being: Humans are not ideally-rational agents, and even if they were, the market is problematically inefficient. The latter is by design, by and for the benefit of the financial institutions. Informational asymmetries mean that consumers often don’t/can’t obtain the information they need to make an informed choice about whether to acquire, retain, or dispose of a financial advice product. (Good luck finding out the actual/modelled loss ratio on optional benefit x on product y.) Extending conduct requirements/expectations beyond supply, into areas such as design and pricing over the full life cycle of products and service offered, should help rebalance the scales. I agree with you when you write: “What is “fair” is inherently vague and contestable.” It doesn’t follow that it is unsuitable. Financial services law is full of such terms: “reasonable,” “care,” “diligence,” and “skill” immediately spring to mind. “Unusually large transaction” and “unusual pattern of transactions” from 22(1)(c) of the AML/CFT Act are vague, and currently subject to contest in FMA v InvestNow. Finally, I agree that more FADC cases would be helpful. Also helpful would be more details from enforcement cases the FMA has taken over the years. For example: Where a FAP was found to have breached the Record Keeping standard condition, provide a couple of (suitably redacted) examples of deficient files, along with explanatory commentary. If your files look like that, then do better.
1 week ago Paul Flood
Give Total Rem the flick if KiwiSaver compulsory
@WK agree with your summary and Murray, "exactly". Im a little confused about the statement, total rem has got to go? Even more confused by am mentat... blatant wage theft? Confused about young people not thinking about retirement or insurance? I have had the unfortunate experience at times working for multi national insurance companies and I do not recall them trying to get their mits on my wages, when did this happen? For centuries young people have not been able to picture themselves retired or believe that they will be multi-millionaires by this time. By the way, i bet they have a bank account. Hopefully am mentat works it out or, if he is a prosperous employer just continues to give give give to his employees with wild abandon and continues to cheer on any political parties that place more financial burdens on small business where generally the owner has risked all to try and get ahead. Employing people and helping in this way to provide for there families also.
2 weeks ago Darryl Scott
Give Total Rem the flick if KiwiSaver compulsory
As an investor, it is completely unacceptable to me that Total Remuneration continues if compulsion is brought in. It is simply wrong to continue putting downward pressure on salary and wages, particularly for people on minimum wage in a country that aspires to lift wages over time and raise the standard of living for NZers. National will lose my vote as a serious investor if they continue down the Total Remuneration path. No question...
2 weeks ago David Lawton
Give Total Rem the flick if KiwiSaver compulsory
This is just about the only online space outside of Newstalk ZB facebook comments where speaking out against blatant wage theft by multinationals is considered 'PC'. And yet still we wonder why those pesky younger generations of potential customers wholesale refuse to engage with traditional financial services. Couldn't be because our mindsets are stuck in the 1950s - no, it must be the kids who are wrong.
2 weeks ago Ross Alexander